Dominican Republic: Tilapias Market 2022

Tilapias Market Size in the Dominican Republic

The Dominican tilapias market soared to $X in 2021, with an increase of X% against the previous year. Over the period under review, consumption showed a significant expansion. Tilapias consumption peaked in 2021 and is likely to see gradual growth in years to come.

Tilapias Production in the Dominican Republic

In value terms, tilapias production totaled $X in 2021 estimated in export price. Overall, production posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Tilapias Exports

Exports from the Dominican Republic

In 2021, approx. X kg of tilapias were exported from the Dominican Republic; waning by -X% on 2020. Overall, exports, however, recorded a measured increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X kg. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tilapias exports declined rapidly to $X in 2021. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for tilapias exports from the Dominican Republic, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +X%.

In value terms, the United States ($X) also remains the key foreign market for tilapias exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%.

Export Prices by Country

In 2021, the average tilapias export price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Tilapias Imports

Imports into the Dominican Republic

In 2021, approx. X tons of tilapias were imported into the Dominican Republic; growing by X% against 2020 figures. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, tilapias imports soared to $X in 2021. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest tilapias supplier to the Dominican Republic, with a X% share of total imports. Moreover, tilapias imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Japan (+X% per year).

In value terms, China ($X) constituted the largest supplier of tilapias to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Japan (+X% per year).

Import Prices by Country

The average tilapias import price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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